The Global Sustainable Tourism Council (GSTC) has recognized the “Green Hotel Plus” and its Thai counterpart as aligned with its international sustainability standards. This signifies a significant step towards promoting environmentally friendly practices in the Thai hotel industry and aligns with Thailand’s ambitious goals for carbon neutrality and net zero emissions.
Bloomage, a leading hyaluronic acid producer, showcased its commitment to sustainability and carbon reduction at the Shanghai International Carbon Neutrality Expo. The company highlighted its comprehensive ESG management system, resource and energy management strategies, and efforts to minimize the environmental impact of its products. Bloomage’s participation in the expo exemplifies its dedication to creating a healthier future through sustainable practices.
The global carbon credit market is expected to grow significantly from 2024 to 2028, driven by increasing corporate commitments to carbon neutrality and net-zero emissions targets. The market is estimated to grow at a CAGR of 31.01% during the forecast period, according to a recent report by Technavio. Key segments include forestry projects, offsetting activities, and the Cap-and-Trade system. While the market faces challenges such as price volatility and ensuring credit quality, it remains a crucial tool for organizations and individuals seeking to reduce their carbon footprint and transition to a low-carbon economy.
In 2023, Astronergy’s ESG Report highlights the company’s commitment to environmental protection, social responsibility, and sustainable governance. Through strategic initiatives, the company achieved notable progress in areas such as carbon footprint reduction, human rights protection, supply chain sustainability, and community engagement.
Leviton’s Network Solutions Business Unit has announced that it has achieved carbon neutrality ahead of schedule. This achievement was accomplished through a three-step process of measure, reduce, and offset. Leviton employed a global sustainability consultancy to measure its carbon footprint and identify areas of potential improvement. The company then reduced its carbon emissions by 55% through investments in clean energy providers and on-site solar power. Finally, Leviton invested in clean energy-focused carbon offset projects to offset the remaining emissions. The company is committed to achieving company-wide carbon neutrality by 2030.
HIF Global, the world’s leading eFuels company, has announced a strategic investment from Japanese energy company Idemitsu Kosan. The investment will support the development of HIF’s eFuels projects, which aim to produce renewable, carbon-neutral liquid fuels that can be used in existing infrastructure. Idemitsu joins a consortium of existing HIF investors, including AME, EIG, Porsche, Baker Hughes, and Gemstone Investments.
Despite global efforts to phase out coal power by 2040, China’s coal consumption is projected to remain substantial, posing challenges to its decarbonization goals. The report suggests that coal will constitute 25% of China’s energy mix by 2050, highlighting the country’s continued reliance on fossil fuels.
